Why Tax Cuts For The 1% Don’t Help The Economy
Very simply stated. If someone has a pre-tax income of $1,000.00 and the tax rate is 30% they would have an after tax income of $700.00 If we lowered the tax to 20% they would have an after tax income of $800. Their after tax income increased $100.00 without them doing anything different. Magnify that …
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